Bladex syndicates three-year bank loan

Bladex syndicates three-year bank loan

Bladex has mandated MUFG to lead a three-year $175m bank loan, extending a facility the Panamanian lender signed in 2014, two sources have confirmed.
The Japanese lead bank is syndicating the 2021 loan primarily among other Asian lenders, however, one of the two sources said MUFG had invited other regional banks to join the transaction.
Sources that spoke to LatinFinance would not disclose the pricing on this latest bank loan, however, Bladex paid 135bp over Libor for a 3.5-year $250m facility